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California  + Bay Area  + Office  | 

Apple Continues Office Buying Spree in Santa Clara County

Apple has added to its South Bay real estate footprint by acquiring two office properties on Stevens Creek Boulevard in Cupertino, the Mercury News reported. A group whose principal executives include Peter Pau, president of Sand Hill Property Co., sold the properties to Apple for $216 million.

The computer giant already occupies 19319 Stevens Creek Blvd. and 19339 Stevens Creek Blvd., having leased them from a Pau-led affiliate for several years. The acquisition continues a buying spree in Santa Clara County that has totaled more than $1.1 billion and 1.5 million square feet since this past June, with Apple previously acquiring properties it leased in Sunnyvale as well as Cupertino.

19319 Stevens Creek totals about 136,600 square feet, while the 19339 Stevens Creek building is about 129,900 square feet, reported the Mercury News. Cushman & Wakefield brokers Erik Hallgrimson and Brandon Bain are the leasing agents for the buildings.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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